Key indicators show that the whale is selling.
The cryptocurrency market continues to be mired in red, and the resilience of the whale is gradually weakening. The latest data from blockchain analysis platform IntoTheBlock shows a significant reduction in SHIB whale activity.
According to data provided by sources, the large trading volume of the popular dog-themed meme token SHIB plummeted by 65.52% in just one day.
SHIB whales are leaving.
In just one day, the number of SHIB wallets holding at least $100,000 worth of SHIB tokens has significantly decreased by 65.52%, indicating a reduction in the activity of large holders. This clearly signifies a significant decline in investor interest.
Following the performance of whales over the past seven days, the trading volume of Shiba Inu soared to 176.3 trillion SHIB on June 6, 2025, reaching its highest level of the week.
However, the trading volume of SHIB whales has significantly dropped from a weekly high to 948.59 billion in the past day. This indicates that whales have clearly relaxed their vigilance and are continuously selling their holdings of SHIB.
The significant drop in SHIB trading volume today aligns with the sharp price decline the network has experienced during the same period.
It is worth noting that SHIB's large trading volume is measured by SHIB transfers involving tokens valued over $100,000. Therefore, these transactions are usually conducted by institutional investors or retail investors.
Thus, the sudden decline in SHIB's large trading volume indicates that major holders are significantly withdrawing their investments, or that investor confidence and trading interest are generally decreasing.
Although the decline in indicators reflects the bearish sentiment of SHIB investors, holders seem to choose to sell these tokens despite the continuous encouragement from the Shiba Inu team.
Earlier today, a social media representative from the Shibarium ecosystem urged holders to remain resilient and pointed out that there is currently no evidence to suggest that the cryptocurrency bull market has ended.
The article states that the brutal bloodbath currently experienced by the cryptocurrency market may be one of the tumultuous moments that occur in each cycle. Therefore, there is still hope that the cryptocurrency market can turn around soon.
However, SHIB holders seem to be oblivious to this. The significant drop in SHIB prices, combined with the sharp decline in large trading volumes, means that holders are likely exiting the market or reducing their positions.
